Ethereum (ETH) Technical Analysis – May 11, 2025.
Ethereum is currently trading around $2,488, showing strong bullish momentum after rebounding from its mid-April lows near $1,400. The price action has formed a clear ascending channel on the 4-hour chart, suggesting steady accumulation and upward pressure.
Support Level: Key support is holding at
$2,400, a former resistance zone now acting as a strong base.
Resistance Level: Immediate resistance lies at $2,580. A breakout above this could open the path toward the psychological level of $2,800.
Moving Averages: ETH is trading above its 50-day EMA and 200-day EMA, confirming a bullish crossover and strengthening the uptrend.
RSI (Relative Strength Index): RSI sits around 64, indicating healthy bullish momentum without being overbought yet.
MACD: The MACD histogram shows positive momentum, with widening divergence between the MACD and signal lines.
Outlook: As long as Ethereum maintains above $2,400, the bias remains bullish. A break above $2,580 with volume could trigger a continuation rally. However, a drop below $2,400 may lead to short-term profit-taking toward $2,200.
